Binance Futures: a gateway to gambling if you don't have the discipline. My story:

Hello everyone! This going to be a long ish story, so I'd appreciate it if you stick till the end.

I'm a 24 year old from Afghanistan, and as Bitcoin made the news with it reaching it's ATH this year, news of Cryptocurrency and Binance made its way even to a country like Afghanistan. My friends hopped in, and soon after, I followed. We started with Spot trading at first. I put in my first 100 dollars when Doge was trading around the 35 cent mark and made like 40 dollars when it reached its ATH. I was euphoric, I felt like I struck gold and transferred more money into my wallet.

The concept of futures or leverege trading was foreign to me so I was afraid to even touch the tab. But one day my friend came to me saying he joined a signal group, we started longing and shorting, but suffice to say, we both lost our money because we got into it with 0 research. This was where I lost my first 200 dollars. I continued to research futures and got more and more into it, started to understand candlestick patterns and the market a bit better, so I put 500 dollars thinking that this time I'll turn my life around. I flipped the $500 into $1000, but didn't take profit on my last trade as I thought the price is going to go higher. It didn't. Greed blinded me and in a matter of 2 hours, I got liquidated. This was painful because I thought everything was going so great and that I finally became a know it all. Nope. (At this point you may say that I should have had a stop loss. I'm an idiot, I didn't care about setting a SL.)

I went in again with $500, this time thinking that I'm going to trade more carefully, use 1/5 of my total wallet, take small profits along the way and use SL. I thought I was going to cover my losses this time. I was so confident. It was going great, again, I turned the 500 into 1k, but as soon as that happened, greed struck again and I found myself using more margin at higher levereges. (20x). I completely forgot about stop loss, thinking there won't be a massive dip to liquidate me. 30 minutes later, Bitcoin did a -5% and my $LINK position got liquidated in seconds, only to bounce back from a price only a tiny bit lower than my liquidation point. I was hurt and broken. I blame myself constantly, and my hands are shaking right now because I could have avoided all this.

In total, I lost more than $1k, which is alot of money especially for me who lives in Afghanistan. We are at war, and I should have traded more responsibly. I thought I'd make quick money this way and maybe use the money to flee the country. More than 300 people get killed everyday in my city alone. But let's not go there.

Dear friends! I made a decision to stop trading for now. I'm gonna use this time clear my mind, because if I start trading now, I'll likely do so with a "revenge" mindset. I'll take this time to educate myself on TA, Trendlines, Sentiment, Indicators and most importantly, SELF DISCIPLINE. I turn to you to give me guidance, is this a good decision that I made? Trading has become my passion and I think I will rise again. But now is not the time. Any help and advice would be appreciated, and maybe even share your own stories!

P.S apologies if there are spelling and/or grammatical mistakes. English is not my native language.